Dairy Ingredients Market

Dairy Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2021 - 2026)

The report "Dairy Ingredients Market by Type (Proteins, Milk Powder, Milk Fat Concentrate, Lactose & Its Derivatives), Application (Infant Formulas, Sports Nutrition, Dairy Products and Bakery & Confectionery), Livestock, Form, and Region - Global Forecast to 2026", The global dairy ingredients market is predicted to reach $89.9 billion by the end of 2026, up from an estimated $63.6 billion in 2021. From 2021 to 2026, this trend represents an appealing compound annual growth rate (CAGR) of around 7.2%.

This growth is fueled by the increasing demand for dairy-based products and the growing trend towards protein-rich diets.

The market is poised to offer a diverse range of dairy products, paving the way for players in the industry to create innovative and irresistible offerings that cater to the evolving tastes of consumers.The demand for versatile dairy ingredients in the food industry is driven by the increasing consumption of ready-to-eat and functional foods. The trend towards healthy eating habits has further fueled the demand for functional food ingredients that are high in protein, low in fat and calories, and free from artificial additives. Additionally, the rise of plant-based alternatives to dairy products and the demand for natural and organic products are contributing to the growth of the market. These trends are expected to continue to drive the dairy ingredients market in the coming years.

Dairy ingredients are components derived from milk that are used in food and beverage products. They are widely used in the food industry for their functional properties, including emulsification, foaming, and thickening, as well as their nutritional value. Some of the commonly used dairy ingredients include whey protein, casein, lactose, and milk fat.

Browse 300 market data Tables and 50 Figures spread through 314 Pages and in-depth TOC on "Dairy Ingredients Market by Type (Proteins, Milk Powder, Milk Fat Concentrate, Lactose & Its Derivatives), Application (Infant Formulas, Sports Nutrition, Dairy Products and Bakery & Confectionery), Livestock, Form, and Region - Global Forecast to 2026"
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The milk powder segment is estimated to see the largest growth in the dairy ingredients market, in terms of value, in 2021.

Milk powder, proteins, milk fat concentrates, lactose & its derivatives, and other types (milk and whey peptides, dairy protein fractions, other proteins, and colostrum) are some of the most common types of dairy ingredients. Among these types, the milk powder segment typically accounts for the largest share in the market. Milk powder is a direct substitute for fluid milk and is used in a variety of applications, including bakery, dairy, and infant nutrition. Skimmed milk powder forms the core of the Hotel Restaurant Catering (HoReCa) industry. Due to the COVID-19 pandemic, the dairy industry has seen a decline in sales and an accumulation of unsold milk powder as a result of lockdowns and changes in consumer behavior.

The dry form segment is estimated to account for a larger market share among the different forms of the dairy ingredients, in terms of value, in 2021..

Dry dairy ingredients are manufactured from either milk or whey. Milk-based dairy ingredients include milk powder, casein, caseinates, and milk protein concentrates, while lactose and its derivatives, whey protein concentrates, and whey protein isolates are derived from whey. Milk ingredients are loaded with essential nutrients (amino acids and minerals) in a dry form that is easily absorbed by the body. They are used in various dietary and therapeutic contexts, such as low-calorie food, sports nutrition, and infant formula. Milk powder is used mainly in chocolate products, bread, buns, pastries, and sweets. Skimmed milk powder is used mainly in dairy products containing reconstituted milk (yogurt, milk-based desserts, and ice creams), chocolate products, baby milk formula, and animal feed. The transportation and storage costs of dry ingredients are low, which results in the reduced cost of the final products. As a result, they are highly preferred by manufacturers. Also, they are readily available in the market and are easy to use. All these properties make them a popular ingredient form.

The market for cows, by livestock, is estimated to account for the largest market share, in 2021.

Cows are the preferred livestock as compared to all other cattle, due to the manufacturing of milk in most of the regions. This is majorly owing to its low purchase and maintenance costs. The yield of milk is higher in cows as compared to other cattle. Also, animals, such as camels and goats, have high maintenance and produce lesser yield. Majority of the dairy ingredients market players prefer manufacturing dairy ingredients through cow’s milk because of its vast and easy availability and easier production processes. It is easier to derive powders and other derivatives from cow’s milk than from buffaloes or goats’ milk. Milk from buffalo or goat is highly viscous, and hence, the manufacturing of dairy ingredients, such as milk powders and proteins, is difficult.

The demand for functional foods has created opportunities for dairy ingredient manufacturers in the emerging markets..

The Asia Pacific region is the dominant market for dairy ingredients and is expected to experience the fastest growth among all the regions. Rise in health awareness has pushed the market for functional and fortified foods, which is creating the demand for dairy ingredients. Manufacturers have been using dairy ingredients since they are known to have versatile functional and nutritional properties such as supplying richness, texture, flavor, and color to food products. Ingredients, such as milk powder, are being used in infant formulas and sports drinks. As the millennial population in the region is large, the demands for such food and beverages are also rising.

The dairy ingredients industry report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies working in the dairy ingredients industry. It includes the profiles of leading companies such as FrieslandCampina (The Netherlands), Groupe Lactalis (France), Arla Foods (Denmark), Saputo (Canada), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (US), Kerry Group (Ireland), Ornua (Ireland), AMCO Proteins (US), Prolactal (Austria), Valio (Finland), Glanbia (Ireland), Hoogwegt Group (The Netherlands), Batory Foods (USA), Ingredia SA (France), Agropur (Canada), and Euroserum (France).

The dairy ingredients market is characterized by several key features that make it a dynamic and fast-growing sector

Dairy ingredients are highly versatile and can be used in a wide range of food and beverage applications, which has made them popular with manufacturers looking to innovate and create new products. Additionally, dairy ingredients are a rich source of essential nutrients such as protein and calcium, making them an important ingredient in many diets around the world.

Another key feature of the dairy ingredients industry is the growing demand for functional foods, which are foods that offer health benefits beyond basic nutrition. This has led to the use of dairy ingredients in the development of new functional food products, which are increasingly popular with consumers who are looking for ways to improve their overall health and well-being.

In recent years, there has also been a trend towards plant-based alternatives to dairy products, which has led to the development of new plant-based products that are high in protein and other nutrients. At the same time, the increasing focus on health and wellness has driven demand for natural and organic products, which has led to a shift towards dairy ingredients that are free from artificial additives and preservatives.

Lastly, the dairy ingredients industry is a global market, with key players operating in different regions and markets around the world. This has led to varying levels of regulation and consumer preferences, making it a highly dynamic and competitive market.

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